Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1887-05-11
THEY PART FRIENDS.
gEssRs, THORNTON 4 BRAIrHwAITE
TAKE LEAvE OF THE COMMITTEE.
But Mr.. Royal Is Trying to Arrange for a
New Proposition, Which May
be Made To-Day.

Alottcr was received from Mr. Royal
asking the committee to withhold their
report for tvcnty-iour hours. and say
ing that be had ttlcgmphod the foreign
Londholdcrs with reference 10 "A new
proposition.
lhc committee decided that it was
necessary go make the preliminary re-
p0it; lut the expressions OF opinion
indicated that If the. bondholdcrs re-
pr,scniativCs come WITH a new propO-
sitiop. POSSIBLY within the range OF the
ability OF the State to carry ont II
adopted. the committee will very glad
~ meet them.
SIR Edward Thornton and Mr..
Pmithwaiie expressed regret that their
mission had been unsuccessful, but they
said they would carry away very agree
able rccollcciions OF Richmond. To
the committee And to each individual
member thereof they acknowledged
themselves indebted for courtesies and
kindly consideration. Al the commit
teemon gave expression to reciprocal
sentiments.
The coHferrces were together IN so
cisl converse for an hour and n hall. and
parted with each other apon the best Of
tennis
TO-DAY.
The legislative committee Will hold
meeting this morning. and then if
McSsrs. Thornton and BHithwaite, or
Mr. Royal in their stead, have a pro-
position 10 make on behalf Of the Nir-
GINA committee Of the Council of For
CiPn Bondholders they will hear il.
Up TO ii o'clock last night the mem
hors of the committee were not adj
vised what sanswer Mr.. Royal had
received from London.
Sir Edward Thornton and party
d.uod with General Joseph II. Ander-
son last evening.
10 rs not known precisely when they
viii leave.
it's among the possibilities that they
may make fresh start at negotiations
today or tomorrow.
Mr.. Cooper aud tho Dispatch.
The Dispatch published the follow
ing Yesterday morning
NOW Ihhf WILL 60 To MALONE.
n.y. Cooper, tho English coupon agent, yes
t.r'ay afternoon was asked:
"Nlen will Sir Edward Thornton and Nr
T-...lWaitc lcayc@"
81 lm sure DO not know" he said. 81
..d suppose In day or two"
"Nfat viii you al DO nowT'
"..t viii look 70 Mr. Malone AID trent with
t. gcsYc-ded Nr. Cooper
lcsterd Mr.. Cooper requested the
Iu0frh state that the reporter
understood him when he charged
Iu with saying the bondhOlders would
BON negotiate with Malone. He did
say that lc had understood the next
stature would he Republican
iov. and that he thought the next
I .tiauons would probably be with
t1mty.
Ir. Usp0ioh reporter who wrote
I.ahoyc paragraph and who lad the
,.. I-aton with Mr.. Cooper cmphat-
urv declares that Mr.. Cooper did
make the statement alleged did use
tnr word Malone 80; did SAY that
they would now look TO and treat with
Malone. To show that this paper has
don. Nr Cooper no injustice and re-
ported nothing that he hes not more
tmu once said. two letters from mem
l,r- ~ TIE Senate are given below:
IHr EXCHANGE AND BALLARD,
TYuHoHp, VA. May 10, 1887.
] understood Mr.. Cooper t. say last
u.at. .u r.ply to my declaration that
If Oh. .,htors did not accept our pro-
position they would get nothing. and
ilat tv lad better accede, " that if
u..l not agree to their terms they
would .'.k % another party.
cannot remember the precise Ian
cra-.U used hy either Of rs, but the In
i.oI.. With mc was that he meant the
N.Aoa. party.
AfV lsts after the opening Of the
clra s-n two members of the Lee
l.aru Informed me that they had
heard conversation, IN which Cooper
a1j TREY would look to the Malone
Itg Z Vc did not settle with them.
f.'-.or ut'v understood him to in
innate tile same thing. II. HRAToN.
1'r Cooper said We would rather
-.'''e With the Democratic party, but
.ulI., lot remembered. My infer
lc. v that if a satisfactory settle
r,rt f. .'m could not be had with the
Democratic party that Hcy would go
o. Na..u. for settlement; and Mr..
h. g.. HoG,tt was also present at the
tue S., have spoken of it since, and
bI- u.. standing was the same as
JIl. GEORGE b. KEEzELL.
Committee Report.
The following is the report made yes
to-day momh1:
,,r1'. a.. ii.use ~ Ds'eg tes:
I..r.. uulttec Reg loave TO make further
-.l.Hty report; when your committee
mod. I.f l..i preliminary report the con-
l..-l Was awaiting Geographic aHlhViI'y
f.l PRINCIPALS % modify q proposition
WISH ...y laa submitted. ON saturday the
fN .f- egd commission submitted a paper
Ir. l,. undertook 90 show, boy argument
'.l'H. tatc could bear amuch larger annual
'. iou The Treasury for the payment oil
t.'.f..' Ian nat shown ty the onclal STATE
u... ~ Tie CriccIs Of the government, ahd
1908 ihnt they were authorized 10 submit
..I .uc - arrangement which would Involve
O.. annual payment OF about S|JUOO Only Ior
u. interest al the entire dobt, including that
I.I. by d. colleges and public Institutions
I. his paper y0Ur committee contrOYcfung
tt..I, srgi.fi' enta. concluded by declaring thai
tl.. wore willing 10 make an honest eHort 70
r,.4uDp our cxlcuscsin every difecion, 10 hur-
N.rt our rprOuIcrs. administer the govern
f.,rf ttCri the most economical basis, aud thus
rrcr are 20 carry out the agreement 20 pay
trOn.ruy the promised Interest. That set
ficIptpt would 10 some extent reduce the eN-
tcnses Of government; that We could no; find
enough in those without Increasing the rate
and burden II taxation and without interfering
Win our free schools aud necessary charitable
institution. o. Justify as iu promising 20 pay
suy sum tho annual interest on which exceeds
approximately {-sjoD.
10 ui- .ucgestoG of your committee the
commission. on iEc morning Of the yth Of May,
made "a reply. again arralgning the state for
it's oxtrayacaut expenditure for elceino-ynary
rurut4es ana imperfect assessments Of pro
ueffy for purposes Of taXatiOn, and submitting
\ tahulatcd statement based upon The rcc0gni-
ton Of tho fun amount Of the cOns0i and l09O
debt and q suggested settlement Of arrears OF
interest ard Unfnded debt which produced
the sum of s26.sht,s0J az principal
HOW THEY FIGURED.
Tits principal sum. az stated by them, was
reached by dCdurtug from the debt OF tho
STATE the Riddle berger bonds held by the sink
ing fund. amounting 20 s2,2i2OAOJ; the bonds
leld ~ tie literary fnhd, amounting 70 Sl,l'9.-
IN y, tho touds held 10y the Board Of Public
MOfk-. amounting 30 fi03,AO: bonds held by
the United States for {Jsl $40, with interest,"
thereon. amounting 10 fsiSct0; and TURNER
deduction II f2.6&6 COZ. being 10 per cont o. thS
debt. no EVIDENCES VI which, they claim, hayO
icon lost and for which no demand Viii re
UkfIy made upon The STATE, claiming that OK
po,icuce shows this az an average loss on
toug outstanding debt which claimed doduc-
ions aggregate the sum Of f,5l0,S31Ss.
Az Der cent he annual interest upon their
supposed capital would rssch tsJt,'5g; puI